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AUD/USD

  • #18,781
  • Mar 10, 2010 9:05pm Mar 10, 2010 9:05pm

CHINA: Consumer Prices rose 2.7% YoY in Feb vs 2.5% expected, 1.5% in Jan. New Yuan Loans surged CNY700.1 billion vs CNY600 billion expected


Read more: DailyFX Forex Stream http://www.dailyfx.com/real_time_news/#ixzz0hpk9Y0Ir

If I remember correctly another reason investors became weary of puchasing the aud was because china was tightening credit and investors feared it would spill over into the aud economy because china is its biggest trade partner. This seems like its bullish news for aud/usd, correct?

Annoying Precision
  • #18,782
  • Mar 10, 2010 9:12pm Mar 10, 2010 9:12pm
Hi guys, here is my updated M15 P&F since March 1. Thought it might help you with your price predictions.
Attached Image
  • #18,783
  • Mar 10, 2010 9:13pm Mar 10, 2010 9:13pm
what is this and how is it used?

thanks

Quoting Saxon
Hi guys, here is my updated M15 P&F since March 1. Thought it might help you with your price predictions.
Annoying Precision
  • #18,784
  • Mar 10, 2010 9:31pm Mar 10, 2010 9:31pm
What's the deal with Gold and AUD heading in opposite directions lately?
The Aussie is mimicking the AUS200 at the minute, still looks like a correction while risk appetite is good.
Ultimately it's heading for the trendline below but maybe not yet.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd4h.jpg Size: 170 KB
  • #18,785
  • Mar 10, 2010 9:37pm Mar 10, 2010 9:37pm
If you want to sell anything, I would sell the Aud/cad. That has a better r/r then a/u, fact.
Annoying Precision
  • #18,786
  • Mar 10, 2010 9:45pm Mar 10, 2010 9:45pm
Quoting erikte279
what is this and how is it used?

thanks
Sorry Erikte,
It is a Point and Figure chart, it is kinda old school so I probably should have posted something describing it. I use it for price predictions and setting my TP/SL. It only takes into account price action, not time. So it is just a pure representation of price. See the below link for some more info, but like the link says, once you start using them, you will get hooked. If you are interested in P&F I can tell you some good books to read on it.
http://stockcharts.com/school/doku.p..._eye:nf_charts
  • #18,787
  • Mar 10, 2010 9:52pm Mar 10, 2010 9:52pm
Quoting erikte279
If you want to sell anything, I would sell the Aud/cad. That has a better r/r then a/u, fact.
Aud/Cad is in a triangle, and hit down trend TL at .94 yesterday with lower TL at .9250
  • #18,788
  • Mar 10, 2010 10:01pm Mar 10, 2010 10:01pm
looks like it broke 0.9117; closed under and broke a major trendline on the hourly and 4hr. we also have a lower high in the widening channel on the daily...would like to see some heavy downside pressure
  • #18,789
  • Mar 10, 2010 10:04pm Mar 10, 2010 10:04pm
So what is your take on it?
Quoting Clouds
Aud/Cad is in a triangle, and hit down trend TL at .94 yesterday with lower TL at .9250
Annoying Precision
  • #18,790
  • Mar 10, 2010 10:05pm Mar 10, 2010 10:05pm
Quoting latropsudoxe
looks like it broke 0.9117; closed under and broke a major trendline on the hourly and 4hr. we also have a lower high in the widening channel on the daily...would like to see some heavy downside pressure
http://www.forexfactory.com/showpost...ostcount=18794
  • #18,791
  • Mar 10, 2010 10:08pm Mar 10, 2010 10:08pm
No need to be friend. Thanks for taking your time to post it, I will surely have a look at it and I would certainly like to hear your book recommendations.

Thanks,
Erik
Quoting Saxon
Sorry Erikte,
It is a Point and Figure chart, it is kinda old school so I probably should have posted something describing it. I use it for price predictions and setting my TP/SL. It only takes into account price action, not time. So it is just a pure representation of price. See the below link for some more info, but like the link says, once you start using them, you will get hooked. If you are interested in P&F I can tell you some good books to read on it.
http://stockcharts.com/school/doku.p..._eye:nf_charts...
Annoying Precision
  • #18,792
  • Mar 10, 2010 10:11pm Mar 10, 2010 10:11pm
Quoting virgilum
http://www.forexfactory.com/showpost...ostcount=18794
yeah, the next area i have on my chart is 0.9104..and it looks like it's bouncing right off .9112 right now
  • #18,793
  • Mar 10, 2010 10:35pm Mar 10, 2010 10:35pm
Not taking any chances, I have my stop at the high of last 4HR at 9150
  • #18,794
  • Mar 10, 2010 10:46pm Mar 10, 2010 10:46pm
I was reffering to aud/cad.....so your short a/u already?

Quoting Clouds
Not taking any chances, I have my stop at the high of last 4HR at 9150
Annoying Precision
  • #18,795
  • Mar 10, 2010 10:50pm Mar 10, 2010 10:50pm
Quoting erikte279
I was reffering to aud/cad.....so your short a/u already?
what did you say about aud/cad? this thread about aud/usd. yes ive been short aud/usd. let's stay focus
  • #18,796
  • Mar 10, 2010 10:55pm Mar 10, 2010 10:55pm
big green candle
  • #18,797
  • Mar 10, 2010 10:58pm Mar 10, 2010 10:58pm
Quoting erikte279
So what is your take on it?
*sigh, long-term i've been bearish on aud/cad since triple top, 05', '08', and 10'
  • #18,798
  • Mar 10, 2010 11:00pm Mar 10, 2010 11:00pm
I was reffering to the present as in nows price action *sigh* , so your still holding long term shorts?

Quoting Clouds
*sigh, long-term i've been bearish on aud/cad since triple top, 05', '08', and 10'
Annoying Precision
  • #18,799
  • Mar 10, 2010 11:05pm Mar 10, 2010 11:05pm
Quoting erikte279
I was reffering to the present as in nows price action *sigh* , so your still holding long term shorts?
No. Just a view. I traded it some when it was higher, it's too much of wild card for me have a long-term position on it. More than anything US will influence rates for AUD and CAD. Due to the proximity of CAD to the US, I'd say if I had to hold a position, I'd say bearish.....
  • #18,800
  • Mar 10, 2010 11:09pm Mar 10, 2010 11:09pm
E/u starting to move back my way.....good r/r for a long position
Annoying Precision
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